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Title: Husband and wife - can they run a business together as a sole proprietor Post by: steven on November 17, 2008, 10:29:29 am My and my wife are thinking about starting a small business. Can we run our business together as a sole proprietor? Or would we need to establish a company or a partnership or something?
Title: Re: Husband and wife - can they run a business together as a sole proprietor Post by: sunset on November 25, 2008, 01:48:26 pm My and my wife are thinking about starting a small business. Can we run our business together as a sole proprietor? Or would we need to establish a company or a partnership or something? Yes, you can run your business as a sole proprietor and then file joint tax return. Note, both spouses are equally responsible for the veracity and obligations of a joint tax return. |